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Taxes

A Spotlight on Egypt’s 2021/2022 Budget

In light of the repercussions of the pandemic, Maait said that the gross domestic product’s (GDP) growth rate during FY 2021/2021 is estimated to increase 5.4%

Egypt to boost tax revenues by 15% before end of FY2020/2021: FinMin

“Egypt is moving ahead with its structural reforms to improve the atmosphere of doing business and attract more foreign investors ...” Maait said

New 14% VAT for online deliveries already in action: FinMin

The new tax came into force last Thursday on June 3rd

G7 FinMins sign historical pact on global tax rate for tech giants to pay fair taxes

The global minimum tax could discourage multinational companies from avoiding taxes by stashing profits in low-rate countries or tax havens

Finance Minister announces unified tax procedures law’s regulations

Including more than 5 articles on the definition of financiers and taxpayers’ rights at the Tax Authority, the new law aims to streamline and automate procedures for assessing and collecting taxes